Montréal Newcomer Guide (2026)
Over 55,000 newcomers settle here annually. Here is what you need to know about banking, housing, transit, and community resources.
At a glance: Montréal
Province
Quebec (see Quebec guide →)
Population
2.1M (4.3M metro)
Top newcomer languages
Banking in Montréal
Montreal has extensive multilingual banking services due to its diverse newcomer population. Desjardins (Quebec credit union) is an excellent option for French-speaking newcomers. All major banks offer services in French and English.
Regardless of which bank you choose, we recommend also getting a KOHO card to start building Canadian credit immediately — no credit history required. This gives you a head start on the 12–18 month credit-building timeline you will need for a mortgage or car loan.
Housing costs in Montréal
Montreal is significantly more affordable than Toronto or Vancouver. Average 1-bedroom: ~$1,400–$1,900/mo. Côte-des-Neiges and Parc-Extension are traditional newcomer neighbourhoods with lower rents.
Getting around Montréal
STM (Société de transport de Montréal) operates Métro and buses. An OPUS card is used for transit. Monthly adult pass is ~$100. Reduced fares for low-income residents through the STM tariff reduction program.
Jobs and employment in Montréal
AI/tech (world-class AI research cluster), aerospace, video games, and healthcare are major sectors. Quebec immigration requires French proficiency for permanent settlement — Alliance Française and OQLF offer free French classes for newcomers (through FRANCISATION QUÉBEC).
Government-funded settlement agencies offer free employment support, résumé help, and job placement for newcomers. Search for IRCC-funded settlement services in Montréal on the IRCC settlement services directory.